Who benefits if I die?

For members of the contributory section of the Scheme

Your spouse will receive a pension equal to 50% of the Scheme pension being paid to you at the date of death, ignoring any reduction if you had exchanged part of your pension for a cash lump sum when you retired.

If you die within five years of starting to receive your pension, a cash lump sum will be payable. This is calculated as the pension payable at date of death multiplied by the unexpired portion of the five-year period.

If there are dependent children (i.e. unmarried children aged under 18 or under 22 if undergoing full-time education) an allowance will be paid equal to 20% of the spouse’s pension for the first eligible child and 10% in the case of each additional child, up to a maximum of four dependent children.

The Trustee has discretion to decide to whom any cash lump sum is payable and has, in certain circumstances, discretion in determining to whom, if anyone, the spouse’s pension is payable. You should notify the Trustee in writing of any special circumstances applying in your case using a beneficiary form.

Example:

Scheme pension at date of death                          €28,000 pa

Member exchanged part of Scheme pension 
for a cash lump sum at time of retirement and,
ignoring this, pension would have been              €32,000 pa

Spouse’s pension from Scheme                               50% of €32,000 pa 
                                                                                   = €16,000 pa

In addition to the benefits payable from the Scheme, a State Widow’s/Widower’s Pension may also be payable.

If the member died after two years of retirement a cash lump sum of €84,000 (3 years x €28,000) would be payable in addition to the spouse’s pension of €16,000 pa.

For members of the pre 1987 section of the Scheme

Your spouse will receive a pension equal to 50% of the Scheme pension being paid to you at the date of death, ignoring any reduction if you had exchanged part of your pension for a cash lump sum when you retired.

If you die within five years of starting to receive your pension, a cash lump sum will be payable. This is calculated as the difference of the balance of the five-year period between the pension payable at the date of death and the spouse’s pension (if any) payable on your death.

If you are survived by a spouse and you were in active service pre 31 December 1972, they will be entitled to a spouse's gratuity.  This is a one off lump sum payment equivalent to three months instalments of the Scheme pension being paid to you at the date of death, ignoring any reduction if you had exchanged part of your pension for a cash lump sum when you retired.

If there are dependent children (i.e. unmarried children aged under 18 or under 22 if undergoing full-time education) an allowance will be paid equal to 20% of the spouse’s pension for the first eligible child and 10% in the case of each additional child, up to a maximum of four dependent children.

The Trustee has the discretion to decide to whom any cash lump sum is payable and has, in certain circumstances, discretion in determining to whom, if anyone, the spouse’s pension is payable. You should notify the Trustee in writing of any special circumstances applying in your case using a beneficiary form.

Example:

Scheme pension at date of death                            €19,000 pa
Member exchanged part of Scheme pension 
for a cash lump sum at time of retirement 
and, ignoring this, pension would have been        €22,000 pa

Spouse’s pension from Scheme                                 50% of €22,000 pa 
                                                                                      = €11,000 pa

In addition to the benefits payable from the Scheme, a State Widow’s/Widower’s Pension may also be payable.

If the member died after two years of retirement and was survived by a spouse, a cash lump sum of €24,000 (calculated as (€19,000 x 3 years) – (€11,000 x 3 years)) would be payable in addition to the spouse’s pension.

If no spouse’s pension was payable, the cash lump sum would be €57,000 (calculated as €19,000 x 3 years).

If the member was in active service pre 31 December 1972 and was survived by his/her spouse, a spouse's gratuity of €5,500 would also be payable (calculated as €22,000 / 12 x 3 months).

For dependant pensioners

If you are currently receiving a dependant's pension from the Scheme, there are no further benefits payable after your death.